Bank of Namibia’s Monetary Policy Committee (MPC) decided to cut the Repo rate by 25 basis points to 6.75% today (16 August 2017). This is the first meeting of the MPC since the South African Reserve Bank (SARB) effected its first rate cut in five years by 25 basis points in… Continue reading
Moody’s Downgrades Namibia to Sub-Investment Grade On Friday 11 August Moody’s Investors Service downgraded Namibia from Baa3 to Ba1, sub-investment grade. While the timing was unexpected, the downgrade was not. At the start of the year we voiced our concern that Namibia would lose its investment grade rating. We thus… Continue reading
The below press release is from the Fitch Ratings website: Fitch Ratings-London-02 September 2016: Fitch Ratings has revised Namibia’s Outlooks to Negative from Stable while affirming the Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB-‘. The issue ratings on Namibia’s senior unsecured foreign- and local-currency bonds are… Continue reading